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Scient gets past 2Q estimates

Scient beat the Street in its second quarter Thursday, posting a profit of $5.7 million, or 7 cents a share, on sales of $102 million.

Analysts surveyed by First Call Corp. predicted it would earn 6 cents a share in the quarter.

Scient (Nasdaq: SCNT) shares finished up $2.81 to $18.19 ahead of the earnings report.

The $102 million in sales marks a 230 percent improvement from the year-ago quarter when it lost $1.6 million, or 2 cents a share, on sales of $30.8 million.

"We are very pleased with Scient's results for the second fiscal quarter," said CEO Bob Howe in a prepared release. "We remain proud of the quality of our clients worldwide, as we continue to work with our portfolio of industry leaders across our global business units."

Last quarter, Scient checked in with a profit of $5.8 million, or 7 cents a share, on sales of $91.4 million.

The stock moved as high as $133.75 in March before falling to a low of $11.38 earlier this month.

Sixteen of the 23 analysts tracking the stock maintain either a "buy" or "strong buy" recommendation.